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Woodie doesnt trade his own indicator anymore? I read the other topic. Im not one of these woodie people, just liked the indicator.
Okay, You trade full time. Thats better then me. Im trying to achieve that goal. I respect you for your achievement.
My entries are based on cci crossing zeroline and trendline strong (green) or normal (yellow) Chopline brown (when shorting) And price crossing 55ema and as long 55 is below 200sma.
Yesterday & today I was experimenting w/ having a 20 point stop and that worked out when I had trend direction right. Sometimes today I did jump the gun but a larger stp kept me in it.
Dividing History by 0.015 * History is still History by any perspective. Granted with range bars you can use price levels to project future CCI values but can't do the reverse
Price is going to do ... what price is going to do....
The math forces the CCI to turn up or down before price does.... of course if price doesn't follow... the CCI will return to "Overbought" (+100) or "OverSold"(-100) ......
Eventually when price does follow ....
CCI believers look at it and say , "See.... the CCI warned us that price was going to turn ... way before it actually did"
TMFT looks at it and says, "That's why I don't use the CCI... it gets you out of a trade too early..."
Like I said.... it's a matter of perspective....
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
Yeah, This week Im totally putting 20 point stops to see how things turn out, as long as I can get the trend correct? A few days ago when I had 2 small stops take me out, realizing commisions, I would of been better off if I had a larger stp.
I mean, why not bet $100 from the start and let it happen? Iin real, more so. Give my trade a chance. Im about to post a trade but wanted to get to some of these post.
I more so want to see a system that Im testing fail as strange as that may sound, and if it can pass the no fail test, then..I can confidently use it w/ my money.
My ninja is actually shut off rite now, its been an 1/2 hr.. so Im really testing the 20 point stop. The last time I seen it I moved stp to BE + 2 and was up $70, it was jirating.
Obvious my internet is back up but my control center would freeze when I tried to turn it back on, twice now. Today.
We'll see we'll see we'll see. As soon as I pull $$ out of trading account Im going to another internet provider.
Im so tired of tracking drop times and play these games.
It looks like a 4th wave, except 3rd wv wasnt really longer then wave 1, it looked right however. Reason I got out was "Tommies revenge" rule..When PA closes beyond blue line mo mo has reversed, PA sometimes or alot of times hits 16ema (blue line) & continues. Good time to rejoin the trend once we have a 3 candle swing.
I peaked..it was 4th wave, wave 5 looks extended or failed, probably was a good exit? Yes it was..ABC? dont know?
Im long at 12998, Im froze again, last was up $25 Got a $50 stop, want to move to $100 but cant! I think we reached bottm and its 11:08 reverses occur around 11:00 ive been told. And seems to be valid.
Cant show pic rite now, dont even kno if Im in it? probably am. Finaly got it back. I took a hit for $30 I think? didnt let stop get rung.. When u think u know market can humble yea
I better stay w/ a simple rule...If 55 is below 200 then look for short opportunities applying the rest of it.
I shorted due to 55 below 200 ..pa closing below 200 and got out cus of long tail and wasnt rolling over.
I figured low risk, as I was placing stp 2 points back price met me there I then hung alittle..it wasnt happening I think Im in the over trading mode now? If I was rite, I would just be feeding the monster in me. Arrrrr